Recognition and Elimination of Biases Human beings by nature have biases. And to begin the process of implementing the phases of retirement planning improvement, first you must be informed of...... Read More
Author: seofinxl09@gmail.com
Herd Mentality: There are many investors who follow trends or imitate the action without understanding the reasoning behind the decision. They may buy or sell when others do so at...... Read More
Being on track has reduced emotional and psychological stress associated with retirement plans.This is also a practice in behavioural finance encouraging realistic retirement goals that are framed based on the...... Read More
The behavioural finance strategies that have been included in your retirement plan keep you disciplined, encourages saving through automation, and manages emotions associated with market fluctuations. It promotes balanced asset...... Read More
Behavioural finance is important in understanding what is happening in our minds during the design of retirement plans. After knowing about present bias, overconfidence, loss aversion, or even herd mentality,...... Read More
This minor statistical overestimation of life expectancy can be corrected by the behaviour finance. Most people do not factor in the time they might live and, therefore, under-save. The behaviour...... Read More